n the US the second week of April will be headlined by the US inflation data for March. The Consumer Price Index (CPI) excluding food and energy is expected to rise 2.0% over the year in March, up from 1.8% reading for February.The headline CPI is forecast to have accelerated to 2.3% over the year after printing 2.2% increase in the previous month. Wednesday’s action will be complemented by FOMC meeting minutes disclosing details of discussion among Fed policymakers during the last meeting in March that saw policy rates lifted by 25 basis points.
Concerning the US labor market, weekly initial jobless claims are seen rising 226K during the week ending April 8.
On Friday next week, the Michigan consumer sentiment is expected to confirm slight deterioration to 101.0 in April after 101.4 in March.
There are three Fed speakers scheduled for next week with Thursday speech from Minneapolis Federal Reserve Bank President Neel Kashkari opening. On Friday St. Louis Federal Reserve Bank President James Bullard is due to speak at the Washington University's Calhoun Lecture Series in St. Louis followed by Dallas Federal Reserve Bank President Robert Kaplan participating in a moderated luncheon at the Odessa Chamber of Commerce in Texas.
source fxstreet
Concerning the US labor market, weekly initial jobless claims are seen rising 226K during the week ending April 8.
On Friday next week, the Michigan consumer sentiment is expected to confirm slight deterioration to 101.0 in April after 101.4 in March.
There are three Fed speakers scheduled for next week with Thursday speech from Minneapolis Federal Reserve Bank President Neel Kashkari opening. On Friday St. Louis Federal Reserve Bank President James Bullard is due to speak at the Washington University's Calhoun Lecture Series in St. Louis followed by Dallas Federal Reserve Bank President Robert Kaplan participating in a moderated luncheon at the Odessa Chamber of Commerce in Texas.
source fxstreet